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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 28,968 $ 6,313
Restricted cash 10,000  
Equity securities   47,082
Accounts receivable:    
Oil, natural gas and natural gas liquids revenues 14,075 40,176
Other 1,322 4,496
Derivative asset 6,231 15,452
Other current assets 277 2,314
Total current assets 60,873 115,833
Oil and natural gas properties, net of accumulated depreciation, depletion and amortization; December 31, 2019, $15,066; December 31, 2018, $12,950 114,031 405,688
Assets held for sale 316  
Long–term derivative asset   8,499
Other assets 4,965 4,474
Total assets 180,185 534,494
Current liabilities:    
Accounts payable and accrued liabilities 23,524 26,146
Derivative liability   1,165
Other current liabilities 586  
Total current liabilities 24,110 27,311
Asset retirement obligations 88,668 117,529
Liabilities held for sale 139  
Long-term debt, net   115,000
Other long–term liabilities 1,770 1,036
Commitments and contingencies (Note 14)
Mezzanine equity 127 79
Stockholders’ equity:    
Common stock – $0.01 par value; 65,000,000 shares authorized; 10,221,008 shares issued and 10,183,467 shares outstanding as of December 31, 2019; 10,054,816 shares issued and 10,042,468 shares outstanding as of December 31, 2018 102 100
Additional paid-in capital 180,177 249,717
Treasury stock at cost – 37,541 shares at December 31, 2019; 12,348 shares at December 31, 2018 (562) (247)
Retained earnings (accumulated deficit) (114,346) 23,969
Total stockholders’ equity 65,371 273,539
Total liabilities and equity $ 180,185 $ 534,494